Tech Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail MegaETH mainnet to go live Feb. 9 in major test Tech Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail MegaETH mainnet to go live Feb. 9 in major test

MegaETH mainnet to go live Feb. 9 in major test of ‘real-time’ Ethereum scaling

6 min read
Share
Share this article
Copy linkX (Twitter)LinkedInFacebookEmail

MegaETH mainnet to go live Feb. 9 in major test of ‘real-time’ Ethereum scaling

This follows its October 2025 $450 million token sale that was heavily oversubscribed.

By Margaux Nijkerk, AI Boost|Edited by Nikhilesh De
Jan 28, 2026, 6:22 p.m.
Make us preferred on Google

What to know:

  • MegaETH, the much-watched high-performance Ethereum layer-2 network, announced that its public mainnet will go live Feb. 9, marking a major milestone for a project that has gained a lot of attention in the scaling landscape.
  • MegaETH positions itself as a “real-time” blockchain for Ethereum, designed to deliver ultra-low latency and massive transaction throughput.

MegaETH, the much-watched high-performance Ethereum layer-2 network, announced that its public mainnet will go live Feb. 9, marking a major milestone for a project that has gained a lot of attention in the scaling landscape.

MegaETH positions itself as a “real-time” blockchain for Ethereum, designed to deliver ultra-low latency and massive transaction throughput.

STORY CONTINUES BELOW
Don't miss another story.Subscribe to the The Protocol Newsletter today. See all newsletters
Sign me up

The project has attracted significant attention and capital over the past year. MegaETH has been backed by prominent figures in the Ethereum ecosystem, like Ethereum co-founders Vitalik Buterin and Joe Lubin, and has raised millions of dollars to date. Most recently in October 2025, it completed a $450 million token sale that was heavily oversubscribed, CoinDesk previously reported.

That sale, which offered roughly 5% of the protocol’s 10 billion MEGA supply, saw thousands of investors rush into allocations within minutes, underscoring intense demand for next-generation scaling infrastructure.‌‌

The project is being developed by MegaLabs which raised $20 million in a seed round led by Dragonfly in 2024, pitching MegaETH as a new kind of real-time blockchain rather than a traditional scaling solution.

MegaLabs has said that the protocol is designed for applications that need near-instant transaction speeds, such as trading platforms, games and other consumer-facing crypto apps — an area where Ethereum has historically struggled during periods of heavy use.

Read more: MegaETH Raises $450M in Oversubscribed Token Sale Backed by Ethereum Founders

Ethereum Newslayer 2Token Sale
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

More For You

Pudgy Penguins: A New Blueprint for Tokenized Culture

Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

View Full Report

More For You

The Protocol: Ethereum to roll out new AI agents standard soon

Plus: Solana’s latest phase, OP token buybacks and EF post-quantum security team.

What to know:

Welcome to The Protocol, CoinDesk's weekly wrap of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, a reporter at CoinDesk.

In this issue:

  • Ethereum unveils new rules to make AI agents trustworthy
  • Solana’s new phase is "much more about finance," says Backpack CEO Armani Ferrante
  • Optimism community begins vote on OP token buybacks
  • Ethereum Foundation makes post-quantum security a top priority as new team forms
Read full story
Latest Crypto News

Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal

White House to meet with crypto, banking executives to discuss market structure bill

Optimism governance approves OP token buyback plan tied to superchain revenue

Crypto's political power supercharged with $193 million in Fairshake, thanks to new cash

Federal Reserve holds policy steady as early rate cut bets vanish and bitcoin stalls

Coinbase rolls out prediction markets to all U.S. customers

Top Stories

Circle shares rise 4% as Polymarket-driven USDC growth prompts analyst upgrade

Robinhood CEO says tokenized stocks could prevent another GameStop freeze

Tether is buying up to $1 billion of gold per month and storing it in a 'James Bond' bunker

Fidelity Investments starts its own stablecoin in a massive bet that future of banking is on blockchain

The Fed has an interest rate announcement today — crypto traders think it will be boring

HYPE token's 50% surge is a story of crypto-traditional market convergence, treasury firm says

Latest Crypto News

Paxos' gold token rakes in record inflows as crypto investors turn to the yellow metal

White House to meet with crypto, banking executives to discuss market structure bill

Optimism governance approves OP token buyback plan tied to superchain revenue

Crypto's political power supercharged with $193 million in Fairshake, thanks to new cash

Federal Reserve holds policy steady as early rate cut bets vanish and bitcoin stalls

Coinbase rolls out prediction markets to all U.S. customers

Top Stories

Circle shares rise 4% as Polymarket-driven USDC growth prompts analyst upgrade

Robinhood CEO says tokenized stocks could prevent another GameStop freeze

Tether is buying up to $1 billion of gold per month and storing it in a 'James Bond' bunker

Fidelity Investments starts its own stablecoin in a massive bet that future of banking is on blockchain

The Fed has an interest rate announcement today — crypto traders think it will be boring

HYPE token's 50% surge is a story of crypto-traditional market convergence, treasury firm says

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details

Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details

The post Japan-Based Bitcoin Treasury Company Metaplanet Completes $1.4 Billion IPO! Will It Buy Bitcoin? Here Are the Details appeared on BitcoinEthereumNews.com. Japan-based Bitcoin treasury company Metaplanet announced today that it has successfully completed its public offering process. Metaplanet Grows Bitcoin Treasury with $1.4 Billion IPO The company’s CEO, Simon Gerovich, stated in a post on the X platform that a large number of institutional investors participated in the process. Among the investors, mutual funds, sovereign wealth funds, and hedge funds were notable. According to Gerovich, approximately 100 institutional investors participated in roadshows held prior to the IPO. Ultimately, over 70 investors participated in Metaplanet’s capital raising. Previously disclosed information indicated that the company had raised approximately $1.4 billion through the IPO. This funding will accelerate Metaplanet’s growth plans and, in particular, allow the company to increase its balance sheet Bitcoin holdings. Gerovich emphasized that this step will propel Metaplanet to its next stage of development and strengthen the company’s global Bitcoin strategy. Metaplanet has recently become one of the leading companies in Japan in promoting digital asset adoption. The company has previously stated that it views Bitcoin as a long-term store of value. This large-scale IPO is considered a significant step in not only strengthening Metaplanet’s capital but also consolidating Japan’s role in the global crypto finance market. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/japan-based-bitcoin-treasury-company-metaplanet-completes-1-4-billion-ipo-will-it-buy-bitcoin-here-are-the-details/
Share
BitcoinEthereumNews2025/09/18 08:42
‘High Risk’ Projects Dominate Crypto Press Releases, Report Finds

‘High Risk’ Projects Dominate Crypto Press Releases, Report Finds

The post ‘High Risk’ Projects Dominate Crypto Press Releases, Report Finds appeared on BitcoinEthereumNews.com. More than six in 10 crypto press releases published
Share
BitcoinEthereumNews2026/02/04 13:09
Why Vitalik Says L2s Aren’t Ethereum Shards Now?

Why Vitalik Says L2s Aren’t Ethereum Shards Now?

The post Why Vitalik Says L2s Aren’t Ethereum Shards Now? appeared on BitcoinEthereumNews.com. Vitalik says Ethereum’s scaling and higher gas limits mean L2s no
Share
BitcoinEthereumNews2026/02/04 13:18